Interest may remain in the account or be automatically withdrawn by check or transferred to another Oritani account

Interest may be withdrawn without penalty at any time during the term earned. Substantial penalties may be assessed if principal is withdrawn before maturity

Certificates will automatically renew for the same term at maturity

Promotional Certificates of deposit are offered from time to time for various terms. These promotional Certificates will automatically renew at a traditional term specified at the time the account is opened at maturity.Principal may be added to or withdrawn without penalty at maturity and during the 7-calendar-day grace period following maturity

Please Note: If any of the deposit is withdrawn before the maturity date, a penalty will be imposed which could result in the loss of principal.

FDIC Insurance

The more you know about FDIC deposit insurance coverage, the safer your money.

IRA Products

Plan for Tomorrow with These Smart investments

IRAs can be an important tool for planning for a secure financial future. When you open an IRA at Oritani Bank, you can be assured that you will receive the same competitive rates and quality service that we guarantee on all of our products. In addition, you have the security of government-backed (FDIC) insurance for your accounts.

We offer a variety of retirement plans and products, Traditional IRAs, Roth IRA’s and Educational IRAs. Our IRAs are available as certificates of deposit or savings accounts. An Oritani Bank representative will be happy to review each one with you, and answer any questions you may have.

Please Note: If any of the deposit is withdrawn before the maturity date, a penalty will be imposed which could result in the loss of principal.

Traditional IRA – Available for rollover funds from your qualified retirement plan or IRA, as well as for annual contributory funds. See chart below for annual contribution limits. Some or all of your contribution may be tax deductible, depending upon your adjusted gross income. Interest grows tax-deferred, until you withdraw it.

Roth IRA – Available for rollover funds from your qualified retirement plan or IRA, conversion funds from your Traditional IRA, as well as for annual contributory funds. See chart below for annual contribution limits. Although your contribution is not tax deductible, interest grows tax-free when withdrawn as a qualified distribution.

Aggregate Traditional and ROTH Contribution Limits

Tax Year

Regular Limit

Regular Catch-UP Age 50+

Spousal Limit

Spousal Regular Catch-UP Age 50+

2009

$5,000

$6,000

$10,000

$12,000

2010

$5,000

$6,000

$10,000

$12,000

2011+

$5,000
+COLA

$6,000
+COLA

$10,000
+COLA

$12,000
+COLA

COLA is a Cost of Living Adjustment

Coverdell Education Savings Account – Excellent opportunity to save for all education expenses; elementary, secondary, trade or graduate schooling. Anyone meeting adjusted gross income limits can contribute up to $2,000 annually per beneficiary under 18 years of age. Although your contribution is not tax deductible, interest grows tax-free when distributed for qualified education.

Disclaimer

Your privacy is very important to us.We would like to advise you that Internet email is not secure. Please do not submit any information that you consider confidential. We recommend you do not include your social security or account number or other specific identifying information.

Notice

Third Party Website Disclosure

You are leaving Oritani Bank's website and linking to a third party site. Please be advised that you will then link to a website hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of Oritani Bank. We recommend that you review and evaluate the privacy and security policies of the site that you are entering. Oritani Bank assumes no liability for the content, information, security, policies or transactions provided by these other sites.

Third Party Website Disclosure

You are leaving Oritani Bank's website and linking to a third party site. Please be advised that you will then link to a website hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of Oritani Bank. We recommend that you review and evaluate the privacy and security policies of the site that you are entering. Oritani Bank assumes no liability for the content, information, security, policies or transactions provided by these other sites.

Disclaimer

Your privacy is very important to us.We would like to advise you that Internet email is not secure. Please do not submit any information that you consider confidential. We recommend you do not include your social security or account number or other specific identifying information.